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7 Economic Fundamentals | Inequality Media

Former Labor Secretary Robert Reich explains seven economic fundamentals.

  1. Workers are consumers
  2. Consumer spending = 70% of economic activity
  3. Wealthy spend smaller percent of their income
  4. Concentrated wealth = not enough purchasing power
  5. Sufficient demand requires the middle class and poor
  6. Policies to help working families
  7. Wealthy do better in a growing economy
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About The Author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She writes fiction about an alpha Bichon named Chester, and his friends--with a dash of humor and a dab of poli-sci. JoAnn worked professionally in the Psychology and Information Science fields. Retired now, she enjoys the creative life.

4 Comments

  1. smilecalm

    the less we spend
    the less power
    they have 🙂

    • Rosaliene Bacchus

      And the more they devise ways of taking the little we have.

      • smilecalm

        they can have it all,
        my empire of dirt!
        but they’ll never
        wipe this smile
        from my face 🙂

    • JoAnn Chateau

      That’s right! 🙂

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